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1.000 Escudos

Issuer Banco Nacional Ultramarino
Year 1947
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Printer Waterlow & Sons Limited, London
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Obverse lettering Banco Nacional Ultramarino
Sede em Lisboa
Esc. 1.000$00
Cheque No 20238
U - Serie C
S. Tomé
Pague contra este original de cheque (não o tendo feito pelo duplicado)
à ordem de PORTADOR
a quantia de MIL ESCUDOS
Ao Banco Nacional Ultramarino
S. TOME
P.P. Banco Nacional Ultramarino
ORIGINAL
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Protection type Embossed seal
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Comments

Banco Nacional Ultramarino occupied an unusual position in Portuguese colonial finance — it was a private bank granted government concession rights to issue currency across multiple overseas territories simultaneously, meaning the same institution was printing money for Angola, Mozambique, Cape Verde, and others at different points in its history. This 1947 note falls into its mature colonial-issue period, when Waterlow & Sons were the dominant supplier for BNU's higher denominations.

Waterlow's contract work for colonial issuers was extensive through the 1940s, though the firm's reputation had been permanently shadowed by the 1925 Portuguese escudo forgery scandal — a separate but hard-to-ignore footnote whenever Waterlow and Lusophone currency appear together.

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